Press release
SSL VPN Market Size Flourishes with the Adoption of Zero Trust Security | Estimated to Cross USD 12.6 Billion by 2030
The market for SSL VPNs was anticipated to be worth $4.6 billion in 2020 and is expected to increase to $12.6 billion by 2030, with a CAGR of 10.9% between 2021 and 2030.Due to new features and services offered by the major market participants, the worldwide SSL VPN industry, which is still in its early stages of development, has a significant growth potential. For instance, the American multinational technology conglomerate Cisco Systems, Inc. launched Cisco Plus in March 2021 to give customers new flexible purchasing and consumption models so they can connect, protect, and automate in order to increase their digital agility in the cloud-first future.
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By component, the software segment acquired major SSL VPN market share. Increased user awareness of its commercial benefits, improved security features, and better marketing that focuses on the benefits of SSL VPN rather than technology are expected to drive growth for SSL VPN solutions. However, the solution segment is expected to grow with higher CAGR.
The SSL VPN market has seen substantial growth, primarily fueled by the surge in remote work arrangements. With more employees working from various locations, secure and seamless access to corporate networks and resources has become crucial. SSL VPNs offer an effective solution by enabling remote workers to connect securely to their organization's network, ensuring data protection and confidentiality.
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A notable trend in the SSL VPN market is the emphasis on user-friendly interfaces and improved user experiences. Vendors are investing in intuitive interfaces and simplified configurations, making it easier for both IT administrators and end-users to set up and use SSL VPN solutions. This trend aligns with the need for accessibility and ease of use, especially for non-technical employees.
As cyber threats continue to evolve, SSL VPN vendors are enhancing their security features. This includes robust authentication methods, multi-factor authentication (MFA), and integration with security information and event management (SIEM) systems. Additionally, SSL VPNs are increasingly adopting zero-trust security principles, requiring continuous verification of user identity and device security before granting access to resources.
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With the growing adoption of cloud services, SSL VPNs are being integrated with cloud-based security solutions. This allows organizations to secure access to both on-premises and cloud resources through a unified platform. Furthermore, SSL VPNs are evolving to support a broader range of devices, including smartphones and tablets, ensuring secure access from various endpoints.
Region-wise, Asia-Pacific is anticipated to grow tremendously, and is expected to maintain this trend during the forecast period. SSL VPN adoption is affected by the migration from on-premise or datacenter deployments to cloud or hybrid infrastructure. Organizations debate on how to transition to cloud deployment without jeopardizing security policies. Furthermore, the rise in demand for enterprise mobility is expected to drive up the demand for SSL VPNs. This has a positive impact on SSL VPN growth in the Asia-Pacific region.
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The key players operating in the global SSL VPN market analysis include, Cisco Systems, Inc., Citrix Systems, Inc., Pulse Secure, LLC (Ivanti), F5, Inc., Barracuda Networks, Inc. (Thoma Bravo), Unisplendour Corporation (H3C TECHNOLOGIES CO. LIMITED), Array Networks, Inc., Check Point Software Technologies Ltd., QNO Technology Inc., and NortonLifelock, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the SSL VPN industry.
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